Yellen: Fed Providing Lawmakers With Names of Staffers

TODAY: May 5, 2015 PUB DATE: May 5, 2015

WASHINGTON--The Federal Reserve is providing a congressional panel with the names of its staffers who had contact with a consulting firm that published details of market-sensitive policy deliberations in October 2012, "with the understanding that the names will be kept ...

How a U.S. Textile Maker Came to Embrace Free -2-

TODAY: May 5, 2015 PUB DATE: May 5, 2015

While Mr. Milliken saw China is a major threat to the industry--he said in 1999 he was "outraged, totally outraged" by Congress clearing the way for China's entrance into the WTO--his successor sees the company's future there. Milliken opened an ...

UBS Profit Nearly Doubles -- Update

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By John Letzing ZURICH-- UBS AG said Tuesday that first-quarter profit nearly doubled from the same period last year on gains at its core wealth management business and a strong bump from its pared-down investment bank. Zurich-based UBS said net ...

Shift at McDonald's: Company Moves Toward More Franchising-- 3rd Update

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Annie Gasparro The new chief executive at McDonald's Corp. plans to sell more restaurants to franchisees and restructure international operations to cut $300 million in annual costs and create a more nimble business. Steve Easterbrook, in a much-anticipated presentation ...

Deutsche Bank Waiver Feeds Controversy at SEC

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Aruna Viswanatha WASHINGTON--The Securities and Exchange Commission is allowing Deutsche Bank AG to continue selling stocks and bonds after the bank pleaded guilty to manipulating interest rates, feeding a controversy over the waivers that has divided the agency. The ...

Brazilian Economy Struggles to Take Off

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Loretta Chao And Rogerio Jelmayer SAO PAULO, Brazil--With Brazil dogged by drought, a sluggish economy and a corruption scandal at its most important company, businesses in Latin America's largest economy have little to be optimistic about. Economists expect Brazil's ...

UBS Profit Rises

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By John Letzing ZURICH-- UBS AG said Tuesday that first-quarter net profit rose to 1.98 billion Swiss francs ($2.14 billion) from 1.05 billion francs reported in the same period last year. Analysts had expected Zurich-based UBS to report a net ...

Correction to Holcim, Lafarge Merger Article

TODAY: May 5, 2015 PUB DATE: May 5, 2015

Holcim Ltd. shareholders are scheduled to vote on its proposed merger with Lafarge SA on May 8. "Lafarge, Holcim to Sell Assets to Address Competition Concerns" at 5:51 p.m. EDT incorrectly said Lafarge shareholders also would vote on the proposal. ...

Indonesia's 1Q Growth Slows to Five-Year Low

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By I Made Sentana JAKARTA--Indonesia's economic growth slowed to a five-year low during the first quarter, which could erode confidence in President Joko Widodo's ability to turn the economy around quickly. Gross domestic product in Southeast Asia's largest economy grew ...

Asian Shares Mixed Ahead of RBA Rate Decision

TODAY: May 5, 2015 PUB DATE: May 5, 2015

Stocks in Australia rose Tuesday ahead of the central bank's interest rate decision, while investors in China focused on headlines around possible mergers of state-owned companies. Australia's S&P; ASX 200 was up 1% at 5887.50, with banks rising most. They ...

Australia Cuts Rates to a Record Low

TODAY: May 5, 2015 PUB DATE: May 5, 2015

SYDNEY--Australia's central bank cut interest rates for the second time this year on Tuesday, moving to shore up economic growth in the face falling commodity prices and a slowdown in China. Reserve Bank of Australia Gov. Glenn Stevens lowered the ...

Correction to Indonesia Bonds Article

TODAY: May 5, 2015 PUB DATE: May 5, 2015

Data on Indonesia's bond offerings was from Dealogic. "Indonesia Bonds Shine as Investors Chase Yields," at 0212 GMT, misstated the company's name in the seventh paragraph. (END) Dow Jones Newswires May 04, 2015 23:02 ET (03:02 GMT) Copyright (c) 2015 ...

Lafarge, Holcim to Sell Assets to Address Competition Concerns

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Maria Armental French cement giant Lafarge SA and Swiss rival Holcim Ltd. have agreed to sell several plants, terminals and a quarry to resolve regulatory competitive concerns over their $25 billion merger, the Federal Trade Commission said Monday. The ...

How a U.S. Textile Maker Came to Embrace Free Trade

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Bob Davis SPARTANBURG, S.C.--Milliken & Co., one of the largest U.S. textile makers, has been on the front lines of nearly every recent battle to defeat free-trade legislation. It has financed activists, backed like-minded lawmakers and helped build a ...

Indonesia Bonds Shine as Investors Chase Yields

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Jake Maxwell Watts Junk bonds in Indonesia are Asia's top performer this year, a sign of how global investors are venturing into riskier markets as the search for high yields gets tougher. Indonesian corporate U.S. dollar bonds have returned ...

Yellen: Fed Providing Lawmakers With Names of Staffers in Leak Probe

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Ben Leubsdorf WASHINGTON--The Federal Reserve is providing a congressional panel with the names of its staffers who had contact with a consulting firm that published details of market-sensitive policy deliberations in October 2012, "with the understanding that the names ...

Economic-Ladder Concerns Trump Income Gap in Poll

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Nick Timiraos When it comes to class differences, Americans are far more concerned about moving up the economic ladder than about the rich becoming richer. The debate over rising income inequality jumped into high gear last year when a ...

Australia Trade Deficit Narrows in March

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By James Glynn SYDNEY--Australia posted a seasonally adjusted trade deficit of 1.32 billion Australian dollars (US$1.03 billion) in March, compared with a deficit of A$1.61 billion in February, the Australian Bureau of Statistics said Tuesday. The figure is wider than ...